Wage garnishment can make you feel out of control. But there are answers and ways to get get you back on your feet.
What is wage garnishment?
Wage garnishment occurs when the court mandates an order for your employer to take out a certain amount of your income to be held out to satisfy a debt. Some examples of this type of debt are child support, consumer debt. and student loans.
But you have some legal actions such as caps on how much can be take out and steps that can help lessen the effect of the garnishment.
What are my options?
1. You must be legally notified of a wage garnishment.
2. Review the notice that is sent to you. You can file a dispute for any inaccuracies or if you believe the debt is in error.
3. Income such as Social Security and veteran benefits may be exempt unless they are already in your bank account.
4. You are protected from losing your job for a wage garnishment unless you incur more than one garnishment.
5. Act quickly. These matters are time-sensitive and you should consult an attorney for the best course of action.
Should I hire an attorney?
It is absolutely possible to file for bankruptcy on your own. Especially if you have no assets and fall within the state means test.
There are many aspects involved in filing a bankruptcy including specific documents and deadlines that an attorney can be sure you file and meet. An attorney can also be a go-between for you to harassing creditors. They represent you answering the difficult questions which protect you and your assets. There is little downside to hiring an attorney aside from cost which can often be discussed. A lot of attorneys offer payment options. An attorney can also help you determine the best option for you; whether you should file a Chapter 7 or a Chapter 13, whether you should wait to file or file immediately, and even be sure you don't do something with your money that be detrimental to your case. There is so much information that is floating around the internet. We can call them bankruptcy myths. Before you fall prey to a myth, look into dispelling them.
Whatever you decide to do, be sure to educate yourself on all aspects of filing before you move forward.
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